Home > Press > NanoSensors Extends Letter of Intent to Acquire DKL International

Abstract:
NanoSensors, Inc. (OTC Bulletin Board: NNSR.OB), a nanotechnology development company that develops instruments and sensors to detect explosives, chemical and biological agents, announced today that it has signed an extension to its non-binding letter of intent to acquire DKL International, Inc., a privately-held company. The letter of intent, which was signed in January 2007, will now expire on August 31, 2007.

NanoSensors Extends Letter of Intent to Acquire DKL International

SANTA CLARA, CA | Posted on June 25th, 2007

"The Company strongly believes in the merits of this transaction. Webelieve that the combination of DKL and our company offers an outstandingand unique opportunity to grow the combined company into a successfulenterprise," stated Dr. Ted Wong, NanoSensors' CEO. Dr. Wong continued,"This extension is needed to provide the parties with additional time tofinalize a definitive acquisition agreement and to allow the Company thetime to raise the financing to complete this transaction."

The completion of the transaction is subject to numerous closingconditions, including the negotiation and execution of a definitiveacquisition agreement, the completion of due diligence by the parties, theapproval of the Board of Directors and shareholders of each entity andseveral other conditions. As a result of the foregoing uncertainties, therecan be no assurance that a definitive agreement will be executed or that ifit is, the transaction will be completed.

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About NanoSensors, Inc.NanoSensors, Inc. was incorporated in December, 2003 and is ananotechnology development company based in Santa Clara, California. TheCompany's principal business is the development, manufacturing andmarketing of sensors and instruments to detect explosive, chemical andbiological agents, along with the management of intellectual propertyderived there from that will enable NanoSensors to create nanoscaledevices.

About DKL International

DKL International, Inc. is a supplier of passive detection technologyand related products to the homeland security, defense, military, lawenforcement, security, safety, and rescue markets. Patented in eighteencountries, DKL International adds SilentGuard to its initial product, theDKL International LifeGuard(TM). The LifeGuard(TM) can locate and track astanding adult at a distance of 500 meters in the open, and at shorterranges through concrete walls, steel bulkheads, brick, earthworks,plastics, heavy foliage, water, and other barriers. The LifeGuard(TM) isused in Asia and Europe for port security, mine safety, and by lawenforcement and search and rescue groups. SilentGuard is a silent andpassive electronic tripwire that detects only living humans. TheSilentGuard can be concealed in walls or doorways or buried underground,and can reduce the false alarms associated with other sensor systems aspart of an integrated perimeter system for military, security or medicaluse. SilentGuard expects to install its first production systems in thespring of 2007.

Safe Harbor

This press release contains "forward-looking statements" within themeaning of Section 27A of the Securities Act of 1933, as amended, andSection 21E of the Securities Exchange Act of 1934, as amended. Theseforward-looking statements involve known and unknown risks, uncertaintiesand other facts that could cause the actual future results of the Companyto be materially different from such forward looking statements. Closing ofthe proposed transaction is subject to numerous conditions, including: (i)negotiation and execution of a definitive acquisition agreement, as well asancillary agreements; (ii) completion of due diligence by the parties as totheir respective operations and financial condition; (iii) completion ofaudited financial statements for DKL International. There can be noassurance that the proposed transaction will be completed, or as completedupon the terms as described above. These forward-looking statements aremade only as of the date hereof, and we disclaim any obligation to updateor revise the information contained in any such forward-looking statements,whether as a result of new information, future events or otherwise.